HARP 2.0

Since its inception in 2009, over 2.2 million Americans have refinanced through the Home Affordable Refinance Program (HARP).

Updates to the program (commonly known as HARP 2.0) have allowed for unlimited loan to value, no minimum credit score requirement, and relaxed credit guidelines.

Unlimited Loan to Value

The typical loan-to-value restrictions are waived, meaning you can owe more on the mortgage compared to what your home is worth.

No Mortgage Insurance

If your existing mortgage does not have mortgage insurance you will not have mortgage insurance on the new loan even if the loan to value is over 80%.

Low Minimum Credit Score

Your existing mortgage must be current for the last 6 months, our minimum fico is a 580 score, which is much lower than standard credit scores of 640 +

Appraisal Waiver

In many cases an appraisal is not needed. We can let you know within 24 hours whether or not an appraisal is required.

Reduced Documentation

In most cases we only require 2 pay stubs for W-2 borrowers and 1 year tax returns for self-employed borrowers.

Easier To Qualify

The debt-to-income requirements are less stringent than a typical conventional loan, allowing more homeowners to qualify for refinancing.

The Deibler Group, the Frederick MD division of Goldwater Bank, N.A, has been specializing in the HARP program since its inception in 2009, and have helped hundreds of borrower refinance through the program.

To be eligible for the program, your existing loan must be backed by Fannie Mae or Freddie Mac, and must have been sold to one of these 2 agencies on or before May 31, 2009.

To find out if your loan is owned by Fannie Mae or Freddie Mac, check the following self-lookup tools:

Please note that an address mismatch in the Fannie or Freddie database may cause a false mismatch on the self-service lookup. Please contact us and we can confirm your HARP eligibility.

The HARP program is available to all property types, including primary residences, second homes, and investment properties

Want more information on the HARP 2.0 program?

Contact us today to receive more information.

Ready to apply?

We will contact you within 24 hours to review your options.